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amdago20
New Member

Do I file each expense individually for my business expenses or just add them up and put one number for the entire year?

 
1 Reply
Rachel_W
Expert Alumni

Do I file each expense individually for my business expenses or just add them up and put one number for the entire year?

You will add your expenses up for "each category" of expense and input that one number for the entire year.  

For example, if your Office Expenses during the year included going to Staples and spending $20 for printer paper in January, $25 for trash bags in June, and $15 for file folders in December, you would add these purchases up and put $55 as your total for office expenses ($25 + $20  + $15 = $55).  You would do the same thing for all of the other categories of expenses for your business.

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